Fully Renovated Two-Family
40-42 N Main St Northbridge, MA 01588
New
40-42 N Main St, Northbridge, MA, 01588
$850,000
For Sale
$850,000
Completely rebuilt duplex with two units, each offering three bedrooms and 1.5 baths plus off-street parking.
Property Size2,318 SF
Price / SF$366.70
Days on Market7
Property Features for 40-42 N Main St
General Information
- Standard status
- Active
- Size
- 2,318 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
Charles S. Pavolis
(617) 901-0422
Listed by
Israel Sierra
(617) 901-0422
Source
Lockandkeyre
Added: Jul 15 Updated: Jul 21 at 3:36AM Checked: Jul 21 at 3:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charles S. Pavolis
Investment Insights
Based on property information with market context.
This completely rebuilt, fully renovated two-family duplex has been modernized with updated interiors designed for everyday comfort and efficient operation. Each unit features an open-concept layout with three bedrooms and 1.5 bathrooms, along with white shaker cabinets, quartz countertops, oversized kitchen islands, stainless steel appliances, luxury vinyl flooring, and recessed lighting throughout. The entire second level was rebuilt and includes 13-foot ceilings, adding a bright, spacious feel. Spray foam insulation is also in place for improved energy efficiency. Exterior improvements include maintenance-free vinyl siding and off-street parking.
The property is located near shopping, restaurants, schools, major commuter routes, Whitins Pond, the Mumford River, and the West Hill Dam Recreation Area, supporting convenient access to local amenities and outdoor recreation opportunities.
As currently configured, the home provides two separate residential units within a single duplex structure, each with a similar bedroom and bathroom layout and a consistent, renovated finishes package.
The property is located near shopping, restaurants, schools, major commuter routes, Whitins Pond, the Mumford River, and the West Hill Dam Recreation Area, supporting convenient access to local amenities and outdoor recreation opportunities.
As currently configured, the home provides two separate residential units within a single duplex structure, each with a similar bedroom and bathroom layout and a consistent, renovated finishes package.
Key Highlights
- Completely rebuilt/fully renovated two‑family home (duplex) with modern interiors
- Each unit offers 3 bedrooms and 1.5 bathrooms with an open‑concept layout
- Second level rebuilt with 13‑foot ceilings for a bright, spacious feel
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.9k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $44.8k | $19.31 |
| − OpEx | −$13.4k | −$5.79 |
| NOI | $31.3k | $13.52 |
2,318 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$447.6K
$391.7K – $522.2K
NOI $31,334 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$389.6K
$340.9K – $454.5K
NOI $27,269 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$791.6K
$692.6K – $923.5K
NOI $55,409 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Completely rebuilt duplex with two units, each offering three bedrooms and 1.5 baths plus off-street parking.
Where is this duplex located?
The property is located at 40-42 N Main St Northbridge, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Completely rebuilt/fully renovated two‑family home (duplex) with modern interiors; Each unit offers 3 bedrooms and 1.5 bathrooms with an open‑concept layout; Second level rebuilt with 13‑foot ceilings for a bright, spacious feel
